NexPoint Residential Trust (NYSE:NXRT) Upgraded to “Hold” at StockNews.com

NexPoint Residential Trust (NYSE:NXRT) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

NexPoint Residential Trust Trading Down 1.7 %

NXRT opened at $41.65 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. The business’s 50 day moving average is $44.66 and its two-hundred day moving average is $43.43. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, research analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current year.

Hedge Funds Weigh In On NexPoint Residential Trust

Large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. purchased a new stake in NexPoint Residential Trust during the third quarter worth about $27,000. Point72 DIFC Ltd acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares in the last quarter. Signaturefd LLC grew its holdings in shares of NexPoint Residential Trust by 238.4% in the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 732 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of NexPoint Residential Trust in the 3rd quarter worth approximately $42,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.